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Single, joint ownership on home. Taxes & mortgage paid under both names. How would Turbo tax handle the deductions if one of us uses Turbo Tax? Will the application split

 
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Anita01
New Member

Single, joint ownership on home. Taxes & mortgage paid under both names. How would Turbo tax handle the deductions if one of us uses Turbo Tax? Will the application split

No, there would be no split.  Whoever receives the 1098 would report their share of the interest and property tax. The person who does not receive the 1098 would choose that they are claiming interest that was not reported on a 1098 and enter the amount they paid, along with the name and social securirty number of the person who received the form.

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Anita01
New Member

Single, joint ownership on home. Taxes & mortgage paid under both names. How would Turbo tax handle the deductions if one of us uses Turbo Tax? Will the application split

No, there would be no split.  Whoever receives the 1098 would report their share of the interest and property tax. The person who does not receive the 1098 would choose that they are claiming interest that was not reported on a 1098 and enter the amount they paid, along with the name and social securirty number of the person who received the form.

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